Explain how the opportunity costs of negative environmental impact are high.
Opportunity cost is the cost that is foregone when we make a choice or a decision. If a piece of land is to be used for wheat production then the production of say, rice, is to be sacrificed. The loss of rice production is the opportunity cost of producing wheat. In the similar way, the cost of a negative environment is the opportunity cost of huge expenditure incurred on health and searching for new alternatives. This is explained elaborately in the following paragraph; When the resources are extracted at a more rapid pace than its regeneration, then we say that the carrying capacity of the environment reduces. In such a situation, the environment fails to perform its function of sustaining life, thereby, resulting in environmental crises. In other words, environmental crises are an aggregate outcome of excessive exploitation of natural resources and excessive generation of wastes. Therefore, there arises a need for exploration of new alternative eco-friendly resources to avoid an environmental crisis. Moreover, environmental crises lead to greater incidence of respiratory and water borne diseases, necessitating higher health expenditures and investments. The costs involved in searching new alternative resources together with the greater health expenditures constitute the opportunity costs of negative environmental impact. Such opportunity costs are very high and require voluminous financial commitments by the government. Therefore, the opportunity costs of negative environmental impact are high.
Compare and contrast the development of India, China and Pakistan with respect to some salient human development indicators.
How is RBI controlling the commercial banks?
Explain the steps taken by the government in developing rural markets.
What are the functions of the environment?
Distinguish between the following
(i) Strategic and Minority sale
(ii) Bilateral and Multi-lateral trade
(iii) Tariff and Non-tariff barriers.
Why was the public sector given a leading role in industrial development during the planning period?
Match the following:
1. Prime Minister 3. Quota 4. Land Reforms 5. HYV Seeds 6. Subsidy |
A. Seeds that give large proportion of output C. Chairperson of the planning commission D. The money value of all the final goods and services produced within the economy in one year. E. Improvements in the field of agriculture to increase its productivity F. The monetary assistance given by government for production activities. |
Infrastructure contributes to the economic development of a country. Do you agree? Explain.
Find the odd man out (i) owner of a saloon (ii) a cobbler (iii) a cashier in Mother Dairy (iv) a tuition master (v) transport operator (vi) construction worker.
Highlight any two serious adverse environmental consequences of development in India. India’s environmental problems pose a dichotomy — they are poverty induced and, at the same time, due to affluence in living standards — is this true?
What are the various means by which countries are trying to strengthen their own domestic economies?
The following table shows distribution of workforce in India for the year 1972-73. Analyse it and give reasons for the nature of workforce distribution. You will notice that the data is pertaining to the situation in India 30 years ago!
Place of Residence | Workforce (in millions) | ||
Male | Female | Total | |
Rural Urban |
125 32 |
69 7 |
195 39 |
Define a plan?
How does investment in human capital contribute to growth?
What programmes has the government adopted to help the elderly people and poor and destitute women?
Bring out the need for on-the-job-training for a person.
Explain the need and type of land reforms implemented in the agriculture sector.
What are the major factors responsible for the high growth of the service sector?
Indicate the volume and direction of trade at the time of independence.
Explain the supply-demand reversal of environmental resources.